Svmuu News: South Korea is moving forward with new regulations that would require key opinion leaders (KOLs) promoting investments in cryptocurrencies and stocks on social media to disclose their own holdings and whether they have received compensation. According to reports, Kim Seung-won, a member of the National Assembly’s Policy Committee, is drafting amendments to the Capital Markets and Financial Investment Services Act and the Virtual Asset User Protection Act. Under the proposal, anyone who repeatedly provides investment advice to the public or receives compensation for encouraging the trading of financial products or virtual assets must disclose the amount of compensation received, as well as the types and quantities of assets held. Violators may face penalties equivalent to those for market manipulation or insider trading. (Cointelegraph)